Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Milestones | 45.0 | 20.0 | | 7.5 | | |
| Royalties | 26.0 | 20.5 | 4.5 | 1.3 | | |
| Other | | | | 0.1 | | |
| Other | | | | 0.1 | | |
| Total revenues [+] | 71.0 | 40.5 | 4.5 | 9.0 | 6.3 | 18.4 |
| Licensing | 45.0 | 20.0 | | 7.5 | | |
| Royalties | 26.0 | 20.5 | 4.5 | 1.3 | 0.9 | |
| Reimbursements | | | | 0.1 | | |
| Revenue growth [+] | 75.3% | 802.2% | -50.0% | 42.3% | -65.7% | |
| Milestones | 125.0% | | | | | |
| Royalties | 26.8% | 356.7% | 237.6% | | | |
| Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.2 |
| Gross profit | 71.0 | 40.5 | 4.5 | 9.0 | 6.0 | 18.3 |
| Gross margin | 100.0% | 100.0% | 100.0% | 99.8% | 95.8% | 99.2% |
| Selling, general and administrative | 12.7 | 11.3 | 8.8 | 8.3 | 2.6 | 1.7 |
| Research and development | 82.7 | 69.5 | 44.2 | 50.1 | 11.8 | 8.1 |
| Other operating expenses | | | | | | 0.1 |
| EBITDA [+] | -24.4 | -40.3 | -48.5 | | | 9.8 |
| EBITDA growth | -39.4% | -16.9% | -2.1% | 496.0% | -184.8% | |
| EBITDA margin | -34.3% | -99.4% | -1079.6% | -551.3% | -131.6% | 53.2% |
| Depreciation and amortization | 0.1 | 0.1 | 0.1 | | | 1.4 |
| EBIT [+] | -24.4 | -40.3 | -48.6 | -49.5 | -8.3 | 8.4 |
| EBIT growth | -39.4% | -16.9% | -1.9% | 496.0% | -199.1% | |
| EBIT margin | -34.4% | -99.6% | -1081.4% | -551.3% | -131.6% | 45.5% |
| Non-recurring items [+] | | | | | | 1.6 |
| Asset impairment | | | | | | 1.6 |
| Interest expense | 5.0 | 2.5 | 0.4 | | | |
| Interest expense | 5.0 | 2.5 | 0.4 | | | |
| Other income (expense), net | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Pre-tax income | -29.3 | -42.9 | -49.0 | -49.5 | -8.3 | 6.8 |
| Income taxes | 0.3 | 0.0 | 0.0 | 0.0 | 0.6 | 0.0 |
| Tax rate | | | | | | 0.0% |
| Earnings from continuing ops | -29.7 | -42.9 | -49.0 | -49.5 | -8.3 | 6.8 |
| Earnings from discontinued ops | | | | 5.1 | | -1.0 |
| Net income | -29.7 | -42.9 | -49.0 | -54.7 | -8.9 | 5.8 |
| Net margin | -41.8% | -105.8% | -1090.9% | -608.5% | -141.5% | 31.6% |
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| Basic EPS [+] | ($2.92) | ($4.29) | ($4.96) | ($5.01) | ($0.84) | $0.69 |
| Growth | -31.9% | -13.4% | -1.1% | 499.3% | -221.4% | |
| Diluted EPS [+] | ($2.92) | ($4.29) | ($4.96) | ($5.01) | ($0.84) | $0.69 |
| Growth | -31.9% | -13.4% | -1.1% | 499.3% | -221.4% | |
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| Shares outstanding (basic) [+] | 10.1 | 10.0 | 9.9 | 9.9 | 9.9 | 9.9 |
| Growth | 1.6% | 1.0% | 0.0% | -0.4% | 0.7% | |
| Shares outstanding (diluted) [+] | 10.1 | 10.0 | 9.9 | 9.9 | 9.9 | 9.9 |
| Growth | 1.6% | 1.0% | 0.0% | -0.4% | 0.7% | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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